The Tesla CEO says production on the company’s robotaxis and humanoid robots will be ‘agonizingly slow’ in 2026.

Hiking subscriptions, making robots, and selling fewer cars? Tesla is acting like a tech company in more ways than one.

Tesla is making some drastic moves to position its business for the future.

In Tesla's annual financial filing, the company said that last year it sold $430 million worth of its energy storage products to xAI, Elon Musk's AI startup.

Elon Musk warns that the initial production ramp-up of Tesla's Cybercab robotaxi and Optimus humanoid robot will be slow but will accelerate over time, emphasizing the challenges posed by new designs and manufacturing processes.

It marks a major shift for Tesla, which is currently the world’s most valuable automotive firm with a market valuation close to $1.5 trillion. It is also one of the most profitable electric vehicle maker, however it recently lost its crown to China’s BYD as the world’s biggest EV seller.

On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.